Enterprise Risk Management: Making It Work Across Multiple Disciplines

Regulators are putting Enterprise Risk Management (ERM) front and center in their exam approach. Many banks have been good at managing risk in silos, but they have not been effective in managing risks in the aggregate. There may be times when examiners and bankers differ in their assessment of the effectiveness of an institution’s risk management environment. And without a coordinated risk strategy, organizations will continue to struggle with repeated policy iterations before procedures and controls are aligned efficiently.